John Richard (J.R.) Chantengco
Mr. Chantengco is a 30 year veteran in the capital markets, finance, and investment banking space, having originated, underwritten, and transacted over USD 5B in structured capital and loan assignments as well as overseen real assets with over USD 20B AUM. Its family office is a CDFI/CDE entity under the U.S. Treasury's New Markets Tax Credit Program and were founding shareholders in Pacific Commerce Bancorp (OTC: PCBC). His experience has brought him into advising several funds focused on transformative real estate, distressed debt, healthcare, technology, infrastructure, and entertainment.
Mr. Chantengco currently oversees deal flow and consults private investors of Fortune 500 companies on new acquisitions, corporate restructures, asset management, and early-stage deals (pre-IPO/SPAC). He has consultant an online SEC-compliant Reg CF and Reg D exempt 506c platform focused on real estate, technology, and life sciences and provides OCIO services to an industrial real estate fund.
In 2021, Globe St., a leading commercial real estate publication nominated Mr. Chantengco as a "Lender Influencer." In the same year, NAPABA and APAICS nominated him to serve as Regional Director to HUD in New York and had previously nominated him to serve on the NCUA Board in 1994. He was appointed as Secretary to the State of California's Housing Partnership Corporation by former Governor Gray Davis and continued to serve under Gov. Arnold Schwarzenegger from 2001-2005.
Mr. Chantengco served as 2020 & 2021 President for the New York Metro Certified Commercial Investment Member Chapter. As an independent advisor, he was conferred the Certified Commercial Investment Member (CCIM) professional designation from The CCIM Institute in Chicago IL in 1992. He earned professional certificates in Community Economic Development (CED) from San Diego St. University Fowler Business School and Leadership in Energy and Environmental Design Green Associate (LEED GA) from the New York Real Estate Institute. He is a duly licensed real estate broker in New York and California.
He has been federally contracted by RTC and FDIC where he evaluated distressed assets and bank-owned and CMBS NPL portfolios. His largest assignment was in 2010 where he was part of a national consulting team in New York that underwrote USD 10B+ nonperforming loan portfolio comprised of 25 asset pools of 268 loans totaling USD 1B+ in unpaid principal balances that was eventually discounted and sold to a large institutional investor. The entire portfolio consisted of multifamily, retail, office, industrial, and hospitality assets across 36 states and the work scope comprised of guarantor verification, title clearance, and credit memo review relative to recourse covenants and performing valuation reports on the corresponding collateral assets.
Mr. Chantengco has been involved in the acquisition, development, and management of over 5,000 affordable multifamily units that incorporate best practices in structured finance, real estate, and economic development into “Rethinking Cities for a Sustainable Future." He was a member of the Shreveport Economic Recovery Taskforce (SERT) and is managing member of Blue Fire Broadband LLC to deploy infrastructure (Broadband). He has been involved with several projects within U.S. federally-approved Opportunity Zones and New Markets Tax Credits sites.
Immediately preceding his current roles, he was an Associate Broker with HKS Capital Partners LLC in New York in 2011. His notable assignment was the winning bid by Brooklyn Health Partners LLC for SUNY Long Island College Hospital healthcare portfolio for USD 250M. He began in corporate finance and institutional banking at Wells Fargo Bank and CB Richard Ellis, private equity and finance at The Triwest Financial Group Inc., and later, national advisory services at KW Commercial.
Mr. Chantengco was Director of the University & State Employees (BluePeak) Credit Union with USD 1B in assets serving over 35,000 members and five branches until 2016. He formed Transnational Renewable Ventures (TNRV), a CPUC-approved solar energy provider. TNRV was instrumental in the installation of over 500kW of domestic solar power installed on various multifamily properties and recognized as a "Best Commercial Practice" project by Sempra Energy (NYSE: SRE) in 2010. In 2003, he structured USD 70M in New Markets Tax Credit sub-allocations for various affordable housing projects.
Mayor Tim Nader selected him to serve as Housing Commissioner to the City of Chula Vista (San Diego County CA) and picked to fill a vacant seat on the Tax Appeals Board to the County of San Diego by Supervisor Brian Bilbray. He was adjunct faculty at CUNY Baruch and Southwestern College where he was President of its Foundation. He also sat on the City of San Diego SEDC loan committee.
He is involved with the Mortgage Bankers Association (MBA), Stanford Professionals in Real Estate (SPIRE), Urban Land Institute (ULI), Association of Asian American Investment Managers (AAAIM), The Investment and Diversity Exchange (TIDE), Young Real Estate Professionals New York (YREPNY), and Filipinos in Institutional Real Estate (FIIRE - NY). He is a past awardee of the Waitt Institute Foundation Scholarship where he completed a Eureka Fellowship in Wash DC. He received a Congressional Merit from U.S. Rep. Bob Filner for his advocacy on economic development and community leadership.
Mr. Chantengco completed Postgraduate Finance at the Stanford Business School, M.B.A. summa cum laude from the University of Phoenix Sperling Graduate School of Management, 1L J.D. Candidate (Pro Bono Scholarship) from Thomas Jefferson Law School, and B.A. Honors in Biochemistry & Cell Biology from the University of California San Diego.
William E. Betts
Mr. William Betts serves as a Managing Director - Family Offices and Sports & Entertainment at Black Pearl Investments. He was formerly with Helmsley Spear focused on investment sales, hospitality, capital advisory as well as commercial office leasing.
Prior to joining Helmsley Spear, Mr. Betts worked at Bear Stearns in New York City where he spent six years honing his financial skills while working in various areas of equity trading, convertible bonds, high yield trading, and private wealth management. Mr. Betts then went on to work at Merrill Lynch and Morgan Stanley in their private wealth department servicing high net worth individuals, family offices, professional athletes, and music industry executives.
In 2004, Mr. Betts formed The Betts Group, LLC, a boutique business management and consulting firm involved in sports and entertainment. As an entrepreneur, Mr. Betts utilizes his broad foundation to respond to the financial challenges of his clients by providing asset allocation advice, risk management strategies, as well as equity and fixed income solutions. Although skilled in many areas, Mr. Betts is best known as a "rainmaker"; he has the uncanny ability to assess client needs and provide them with timely and obtainable business solutions.
Mr. Betts graduated from Connecticut College and earned his B.A. degree in Economics with a minor Sociology. He is a proud father of twin boys and resides in Manhattan.
Bryon E. Danielson
Mr. Danielson serves as Managing Director - Private Credit / ESG at Black Pearl Investments. He is a serial entrepreneur in the renewable energy in the Environmental, Social & Governance (ESG) space. He brings 15+ years of ESG experience to the firm. Mr. Danielson’s focus is business development with his expansive network of institutional capital and investment-grade opportunities and an eye toward compliance and risk mitigation with in the ESG-related world.
Mr. Danielson was previously Vice President of Development of Levion Solar Company, a renewable energy company focusing on residential solar installations. He was instrumental in bringing Levion from USD 5M in revenue to over $150M annual revenue with projected growth of USD 225M in revenue for 2023. Previous before that Mr. Danielson has in numerous of capacities with in the ESG communities. As a VP of Sales and Marketing to sales and financial management he was able to grow all verticals within the companies he was part of.
Before his career in renewable energy, he was a Senior VP of Development for Reedman Toll Automotive Group. He was instrumental in acquiring 12 new dealership locations including auditing, process implementation, revenue share, and marketing with franchises that were acquired.
Mr. Danielson attended Utah Valley University with an emphasis in Economics.
Frederick L. Anderson
Mr. Anderson does business development as a sales partner at Black Pearl Investments. He is a premier executive with three decades of professional experience working with various organizations in numerous capacities across several business sectors.
He has an extensive background in real estate and has been involved in numerous development projects where he has structured public-private real estate development transactions valued at over USD 100M and collaborated with state commerce and economic growth commission liaisons to provide assistance to the business community. This included assistance to county economic development committees to identify business opportunities and gaps, utilizing community development models, contributed to the county alliance economic growth committees strategic plan, focused on building a stable business community to serve its residents and attract added business traffic while he participated in the development of a municipality's economic development department plan to attract commercial business to its redevelopment areas.
He has also served on the board of an affordable housing not-for-profit organization that has rehabilitated over USD 20M in real estate projects and a municipal urban enterprise zone with a budget over USD 5M.
Mr. Anderson is certified by NeighborWorks of America's training program in Analytical Tools & Methods in community economic development, asset management for board members, and exit strategies for LIHTC projects as well as the Greening Your Organization program by the National Main Street Program in Downtown Revitalization, a comprehensive revitalization program that promotes the historic and economic redevelopment of traditional business districts.
His corporate career spans working with such companies as Operating Engineers Local 825, Deloitte, Citicorp, and The Pharmacy Fund, Inc., where he served in various managerial roles and developed his professional skills in accounting, auditing, business development, community development, controllership, finance, marketing, organizational management, sales and systems.
This led Mr. Anderson to establish himself as a veteran consultant that provides a complete range of business services across numerous business disciplines while serving such many sectors such as banking, finance, government, healthcare, e-commerce, manufacturing, non-profits, real estate, retail and technology.
He obtained his Bachelor of Arts and Master of Business Administration from Fairleigh Dickinson University where he majored in Business Administration and Accounting while minoring in Finance and Economics.
James (Jim) C. Bonbright, III, Esq.
Mr. Bonbright heads Linden Capital, an investment management firm focused on federal and state tax credits. In founding the company, Mr. Bonbright recognized the tax credit investment market involves nuanced regulatory, financial, and accounting issues. Because of this, the select few investors who understand these complexities control the market and achieve extraordinary returns relative to other investment alternatives. Out of this belief, he created a specialized investment and advisory service provider, one that could connect developers with an expanded investor pool by providing best in class communication, due diligence, structure, and modeling.
Linden Capital and its predecessor company have been working with tax credits since 1996. Over that time, Mr. Bonbright and his team of experienced professionals have worked on approximately USD 3.5B of transactions involving tax credit equity, partnering with industry leaders in federal and state low-income housing (LIHTC), historic rehabilitation (HTC), renewable energy (RETC), and new markets (NMTC).
He attended law school at Quinnipiac University while he worked in the tax department of a Fortune 500 company. He passed the New York and Connecticut bar exams and receiving his LLM in Tax from Boston University.
Joseph (Joe) A. Turco, Esq.
Mr. Turco handles transactional and litigation work as well as supporting Black Pearl Investments on real estate, private equity/acquisitions and custodial services for its structured capital program.
A native New Yorker who was born in Manhattan, and later raised in Westchester County, he owned and ran a successful family office insurance brokerage firm with his father. He later taught as an Educator in the Catholic Diocese of Kingston, Jamaica and in San Francisco, CA.
As a lawyer, Mr. Turco began handling special criminal defense and certain tort cases Of Counsel to Attorney David Bernheim in New York City and high profile business law cases with Attorney Leon Bernstein in Las Vegas, NV. Some of his legal highlights includes workplace discrimination case with Dienst & Serrins LLP at the Woolworth Building in Lower Manhattan, a former Lobbyist for the Nevada Chapter of the American Civil Liberties Union (ACLU) and a Solo Trial Lawyer for complex criminal cases, unique business & commercial contracts, and commercial real estate transactions.
Mr. Turco earned his Bachelor’s degree at New England College and obtained his legal education (Juris Doctorate degrees) at Yeshiva University- Cardozo School of Law, Oxford Law in the U.K. and UNH Franklin Pierce Law School.
Competitive Advantage
In a post-crisis world, banks are increasingly forced to seek strategic partners to support business lines that are in the regulatory crossfire. The changing regulatory landscape severely limits the ability of non-banking financial institutions to step into the void. This unique dynamic creates an unprecedented opportunity for intermediaries with private capital to invest in market leading properties and projects across a broad range of asset classes and in a variety of different structures.
Black Pearl Investments aims to capitalize on this market fragmentation by working alongside banks and investors to source innovative solutions that provide both unique and compelling investment opportunities for our clients with sensible funding solutions.
A vast majority of transactions within the current lending landscape requires significant capital contributions and inherent sophistication. This inevitably leads to independent and nimble intermediaries as natural partners for banks and its lending partners trying to adapt their business model to a changing global market with onerous regulations.
Key Outcomes
At Black Pearl Investments, we seek to create competent finance and investment results where banks and investors can access:
BPI's mission first and foremost is to provide clients with investment strategies that meet their needs and deliver strong risk-adjusted, long-term performance. As fiduciaries and responsible stewards of our clients’ assets, BPI employs a disciplined investment process that seeks to both uncover opportunities and evaluate potential risks while striving for the best possible return outcomes within our investment guidelines. Consistent with these objectives, BPI's process includes an integrated evaluation of environmental, social, and governance (ESG) factors. We recognize that relevant and material ESG issues can meaningfully affect investment performance, and these factors are critical components of our integrated research analysis, decision-making, and ongoing monitoring.
Rather than an adjunct consideration, ESG factors are fully integrated into the investment teams’ decision-making and are a central part of their research. BPI believes this holistic approach to assessing risk and opportunity enhances our investment process. Investment activities are specific to each of the investment teams across global fixed income, credit, and equities. Each team employs an approach that is best suited to the asset classes they manage and corresponds with their philosophy and process. Accordingly, each individual research process, including the ESG component, is unique and designed to reflect the respective team’s overall approach. Depending on their asset class-specific needs, teams may utilize third-party ratings and company research to enhance their understanding of relevant ESG issues and supplement their analysis.
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